inside: a checklist of the five essential elements in projections. a table of basic assumptions. a sample accountants’ report for compilation of a projection.
by ed mendlowitz
77 ways to wow!
a key element of a business plan is the financial projections. basically, these should show how much will be made and how much is needed to accomplish the goals.
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putting these together is a much harder task. the projection period is usually five years, although shorter periods are not so uncommon. to prepare the projections a mindset must be established that puts the preparer five years into the future and has them looking back on the five-year history of what has been done.
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